The Morning Leverage: Summit Perks Up Its Portfolio With Philz Coffee

Summit Partners is waking up to a fresh brew. The growth equity firm made a minority investment in Philz Coffee, a specialty coffee retailer with cafes in the San Francisco Bay Area, Amy Or reports. Philz offers coffee blends under names like “Canopy of Heaven” and the highly caffeinated “Anesthesia to the Upside,” for those who want to start the morning feeling properly anesthetized.

More stories available to LBO Wire subscribers: High Road Capital Partners-backed Dowden Medical Communications Group buys Tricore, a developer of customized learning modules and mobile training programs for the pharmaceutical and life sciences sector…RentPath, a TPG Capital-backed apartment-guide publisher formerly known as Primedia, plans to pay a $110 million dividend…and Baring Private Equity Asia-backed Nord Anglia Education buys WCL Group for around $237 million.

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Grumman Hill Group is seeking a buyer or strategy partner for shoe chain Aerosoles, Dana Mattioli and Ryan Dezember report for The Wall Street Journal.